Wall Street tumbles on Goldman, chipmakers

By IBT Staff Reporter On 04/30/10 AT 4:16 PM

U.S. stocks fell on Friday to close out the worst week since January as news of a criminal probe into Goldman Sachs unnerved investors already anxious about the prospects for heavy regulation from Washington.

The Dow Jones industrial average fell 158.71 points, or 1.42 percent, to close unofficially at 11,008.61. The Standard & Poor's 500 Index lost 20.09 points, or 1.66 percent, to finish unofficially at 1,186.69. The Nasdaq Composite Index gave up 50.73 points, or 2.02 percent, to close unofficially at 2,461.19.